Property profile

11021 Nicholas Ln Ocean Pines, MD 21811

OFF-MARKET
Lifestyle centers
6,834 SF 3.56 ac lot Built 2004
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully-leased, 6,834 square foot shopping center situated on a 3.56-acre lot in the thriving Ocean Pines, Maryland community. Located at the entrance of the South Gate, this multi-tenant property boasts a prime location ensuring high foot traffic and consistent income. The building, constructed in 2004, has been meticulously maintained and recently updated, minimizing upkeep costs for the new owner. Significant improvements include a brand-new roof installed in 2022 and a complete HVAC system overhaul three years prior. The property consists of seven fully leased office/retail condo units, providing immediate cash flow. The asking price is $1,900,000, and aggressive owner financing is available. This property is zoned COMMERCIAL and offers a unique opportunity to capitalize on the continued growth of Ocean Pines. The property includes the following tax ID numbers: Unit 2: 03-143538

Property profile

Verified
Property type Lifestyle centers
Year built 2004
Total area 6,834 SF
Lot 3.56 ac (155,074 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11021 Nicholas Ln Ocean Pines, MD 21811
Ocean Pines metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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